Citigroup Stock News

NEW YORK--(BUSINESS WIRE)--Citibank, N.A. is announcing the redemption, in whole, constituting $1,750,000,000 of its 5.864% Notes due 2025 (the “fixed rate notes”) (ISIN: US17325FBA57) and $750,000,000 of its Floating Rate Notes due 2025 (the “floating rate notes” and together with the fixed rate notes, the “notes”) (ISIN: US17325FAZ18). The redemption date for the notes is August 29, 2025 (the...

Citigroup promoted Erik Savola to become its head of corporate banking for Europe, effective immediately, according to a memo seen by Reuters on Friday.

Citigroup has hired law firm Paul Weiss to investigate complaints about the behavior of the bank's wealth management chief, Andy Sieg, Bloomberg News reported on Wednesday, citing people with direct knowledge of the matter.

U.S. President Donald Trump has bought more than $100 million in company, state and municipal bonds since taking office in January, his disclosures showed this week.

Citigroup is reportedly considering getting involved in stablecoins. The bank is exploring providing stablecoin-powered payments as well as custody services for the assets that back stablecoins and crypto-related investment products, Biswarup Chatterjee, global head of partnerships and innovation for Citigroup's services division, told Reuters in a report posted Thursday (Aug. 14).

Citigroup's turnaround has driven strong financial results, but shares are no longer deeply discounted to book value, limiting further upside potential. The stock now trades at a premium to tangible book value, with dividend yield and valuation metrics in line with peers, reducing its value proposition. While Citigroup's strategic investments and operational improvements are impressive, most of...

Citigroup's turnaround is gaining momentum, with accelerating top-line growth and multiyear-high EPS growth driven by strong expense control and efficiency improvements. Segment results show robust growth in wealth, banking, and services while U.S. personal banking faces some consumer headwinds and credit losses. The outlook remains positive, with modest revenue growth, declining expenses, and ...

Citigroup is exploring providing stablecoin custody and other services, a top executive told Reuters, in a further sign sweeping policy changes in Washington are spurring major financial firms to expand into the cryptocurrency business.